SILICON2, known as a global gateway for K-Beauty brands, has secured a large-scale investment of over 140 billion won.
According to the Financial Supervisory Service's electronic disclosure system on the 21st, SILICON2 held a board meeting that day and announced it resolved a third-party allocation of new shares worth 144 billion won, targeting Glenwood Credit, a domestic private credit fund (PCF) management company.
The company plans to issue 4,044,344 redeemable convertible preferred shares (RCPS) at 32,695 won per share. The conversion ratio is 100%, and upon conversion to common stock, Glenwood Credit will become a major shareholder holding approximately 6.72% of SILICON2's equity.
SILICON2 is regarded as a pioneer leading the global popularity of K-Beauty. The company provides open market operation agency and consignment shipping services to small and medium-sized cosmetics brands wishing to expand overseas. It recorded sales of 518 billion won until the third quarter of last year.
SILICON2 plans to use this investment to expand its logistics hubs. Additionally, 50 billion won is allocated for debt repayment.